VINCI Highways agrees to acquire nearly 700km toll road in India [Yahoo! Finance]
VINCI SA UNSP/ADR (VCISY)
NASDAQ:AMEX Investor Relations:
vinci.com/vinci.nsf/en/investors.htm
Company Research
Source: Yahoo! Finance
portfolio from Macquarie Asia Infrastructure Fund 2, managed by Macquarie Asset Management. VINCI Concessions and VINCI Construction are both subsidiary companies under the VINCI Group. While VINCI Highways acts as an operator and concessionaire (financing and managing) road networks, VINCI Construction handles the design and physical construction of these projects. The transaction involves nine toll highway concessions in the Indian states of Andhra Pradesh and Gujarat, covering almost 700km of key national routes. The highways include segments along the NH-16 corridor in Andhra Pradesh, which is part of the Golden Quadrilateral connecting the Indian cities of Kolkata and Chennai. In Gujarat, the assets connect areas within one of India's most industrialised states. Both locations provide connections for industrial, agricultural and logistics activities. The concessions operate under ‘Toll Operate Transfer' contracts with the National Highway Authority of India (NHAI), with
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